2025 February - Mad River Valley Real Estate Driven by Data
Posted on 2/14/2025 by Erik H. Reisner
In Brief:
We are deep into the ski and ride season, and it has been one of the best in recent memory! Heading into President’s Week, the busiest week of the ski/ride season, there is a significant snowstorm expected this Sunday into Monday. The real estate market continues to be “as busy as it can be” with continued low inventory. Demand continues despite not much supply. If you think it’s hard to find a dozen eggs, try finding a house or condominium in this market! The MLS cupboard in the Mad River Valley is bare!
Recreation and the forecast:
The snowpack at Sugarbush Resort, Mad River Glen, Ole’s and Blueberry Lake is deep and the conditions are superb. We just had the tiniest of thaws, but other than that it’s been consistently cold temperatures and regular snowfall. As mentioned above, we’re expecting a significant snow “event” Sunday 2/16 into Monday 2/17. Perfect timing for the busiest week of the winter, and possibly the year here in the Mad River Valley. If you have a place to stay, get up here ASAP! If you need lodging, that may require a bit of luck as most of the lodging facilities and AirBnbs are pretty booked up for this holiday week. There may be no rush as it appears we may be skiing/riding well into the spring at this rate…
Now onto the market update:
Currently there are 9 single family homes under contract or pending sale in the price range of $79,900 - $2,475,000 (down from 13 last month, and up from 6 two months ago), 5 whole-ownership condominiums under contract or pending sale priced from $315,000 - $595,000 (down from 7 last month 6 two months ago), 7 undeveloped land parcel under contract priced from $98,000 - $695,000 (up from 3 last month, and 4 two months ago), and ZERO commercial properties under contract (ZERO last month, and ZERO two months ago).
Regarding the properties that are currently under contract, 3 of the 5 condos, 2 of the 9 single family homes, and 3 of the 7 land parcels were listed after January 1, 2025. Condos continue to fly off the market while some single-family homes are taking a bit longer, which is not uncommon for the winter market. The mini spike in land sales is an outlier!
Based on information from PrimeMLS, Inc. for the period 1/1/2025 through 2/14/2025.
There were 5 single family home sales in January 2025 from $196,000 - $865,000 (up from 1 sale in December 2024). There were 3 whole-ownership condominium sales from $175,000 - $925,000 (down from 8 sales in December). There were 2 undeveloped land sales from $212,000 - $252,500 in January (1 sale in December 2024). There were ZERO commercial sales in January (ZERO sales in December as well).
Based on information from PrimeMLS, Inc. for the period 12/1/2024 through 1/31/2025.
Our Take on the Central Vermont Real Estate Market:
The current inventory in the Mad River Valley is down to 18 single family homes (21 this time last month), there are 12 whole-ownership condominiums (up from 7 this time last month), there are 15 undeveloped land parcels (17 this time last month), and 4 commercial properties (down from 5 last month). The low inventory trend continues with drips and drabs of new listings in each category as the winter progresses.
Based on information from PrimeMLS, Inc. for the period 1/1/2025 through 2/14/2025.
Are you in the market for a property here in the Mad River Valley and beyond? If so, the partners at MRVRE have more than 80 years of combined experience in helping buyers and sellers navigate the local real estate market, Call, email, or text now so that we can learn about your property search and help you stay informed.
Have you been on the fence wondering when the best time might be to sell your Vermont property? Allow us to provide you with a complimentary market analysis to see if it makes sense for you. No pressure!
If you are a potential buyer, make sure you are tracking activity, or better yet contact us at (802) 496-5000 or info@mrvre.com and we can help you do that! Also make sure your finances are in order so that you can be poised to make a competitive offer, with or without financing. We can also help you find the right lender if needed. Check out our Lender Resources Page.
Historical Mad River Valley Real Estate to January 31, 2025:
Below are two graphs that show the total number of units sold (single family homes, condominiums, commercial properties, undeveloped land), as well as the total dollar volume through January 31, 2025.
This blog post will be updated monthly to track year-to-date real estate sales in the Mad River Valley. The data is gathered from the State of Vermont Property Tax Transfer records and includes all sales above $20,000.
Based on information from PrimeMLS, Inc. for the period 1/1/2006 through 1/31/2025.
Whether you are a potential buyer or seller, this data is a valuable resource to help you make informed real estate and financial decisions.
If you have any questions, real estate related or otherwise, give Mad River Valley Real Estate a call or send us an email.